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Your insurance rate is based in part on how old you are. Find out why age is taken into account and what age you can expect to pay the most and least for car insurance.
Average Car Insurance Rates By Age
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Car insurance rates are based on a variety of factors, age being the most important. After all, teenagers between the ages of 16 and 19 are nearly three times more likely than drivers over the age of 20 to be involved in a fatal crash, according to the CDC.
Average car insurance premiums for people under the age of 25 are relatively high. Most teenagers and young drivers have no experience behind the wheel and are prone to accidents, making them a high risk for car insurers. The higher the risk, the higher the rate.
Our editors have broken down the average car insurance premiums for ages 16 to 75 in each state. Here’s what you can expect to pay for auto insurance at any age.
Cheap Car Insurance For Teens And Young Drivers
California Car Insurance Rates by Zip Code Enter ZIP for average rates. Then enter your age, gender and coverage level for custom rates.
State minimums: Liability coverage necessary to drive legally in your state; Some states mandate additional coverage, such as personal injury coverage, uninsured motorist coverage, and uninsured motorist coverage. Limited Liability 50/100/50: $50,000 per person / $100,000 maximum per accident for bodily injury; $50,000 for property damage. Liability pays for injuries/damages you cause to others. Full coverage 100/300/100: $100,000 per person/$300,000 maximum per accident for bodily injury; $100,000 for property damage; Comprehensive and collision coverage with a $500 deductible. Liability pays for injuries/damages you cause to others. Fill in and pay for collision damage on your car.
Has commissioned Quadrant Data Services to provide a report on the average 2017 Honda Accord auto insurance rate for nearly every zip code in the United States. We’ve calculated data usage rates for up to six major services. The average for the initial results is based on the monthly insurance for a male driver, age 30, for the minimum liability coverage of the state. The average rate for the toll rate is based on the age and gender of the driver for the following coverage levels: minimum state liability, 50/100/50 and 100/300/100 liability with $500 deductible in comprehensive and collision. These hypothetical drivers have clean records and good credit. Average rates are for comparison purposes. Your own rate will depend on personal factors and your vehicle.
In the table below, you will see average car insurance rates by age for the following coverage packages:
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As you’ll see in the table of auto insurance rates by age below, rates are cheapest for drivers in their 40s, 50s, and 60s. Average car insurance premiums for teenagers are high, but decrease as they reach their 20s.
Once you reach your 20s, your rates start to drop, but you’ll still be paying more than most drivers until you’re 26. Rear view mirror.
For a 20-year-old male, the cost is $1,159 per year; For female drivers, the same policy can cost an average of $1,058 per year for the state’s minimum policy. Here’s a breakdown of insurance rates for different levels of coverage:
For a 21-year-old male, the average price is $917 per year, and for a female driver, the same policy can cost around $850 per year for the minimum state policy. See the table below for a breakdown of insurance rates for different levels of coverage:
Average Car Insurance Costs For 19 Year Olds
For a 22-year-old male, the average price is $819 per year, and for a female driver, the same policy can cost around $769 per year for the minimum state policy.
For a 23-year-old male, the average price is $755 per year, and for a female driver, the same policy can cost around $717 per year for the minimum state policy. See the table below for a breakdown of insurance rates for different levels of coverage:
For a 24-year-old male, the average price is $705 per year, and for a female driver, the same policy can cost around $676 per year for the minimum state policy. Here’s a breakdown of insurance rates for different levels of coverage:
Costs between women and men are nearly equal at age 25, at $612 per year for men and $605 per year for the minimum state policy for women. Here’s a breakdown of insurance rates for different levels of coverage:
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See the chart below to see average car insurance costs by year and state for full coverage. Enter your state in the search box to see what you can expect to pay.
Select your state below to see average auto insurance rates by year for a full coverage policy
Age is just one factor that car insurance companies evaluate when deciding how much you will pay. Gender is another, although some states do not allow gender to be used as a factor in calculating rates – California, Hawaii, Massachusetts, Michigan, North Carolina and Pennsylvania.
Each rating factor, along with the type of coverage you choose, deductibles and discounts, will affect the rate you pay for your auto insurance policy.
How Much You’ll Pay For Car Insurance For Your Age & Gender
No matter how old you are, male or female, you can save hundreds of dollars by comparing car insurance companies and finding the company that offers the best rates for you. Our guide to the best cheap car insurance for seniors shows how much drivers aged 65, 75 and 85 can save.
Car/home package discounts offer savings of 13%, on average, and for younger drivers, long-haul student discounts save an average of 16%. A good student discount will save drivers an average of 14% and a wedding discount is 8%.
Older drivers can also reduce their costs. Drivers over 65 who complete senior driver training can save an average of 4%.
Commissioned Quadrant Data Services to run 2022 Honda Accord LX auto insurance rates across multiple coverage levels for drivers with clean driving records in every zip code in every state.
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Leslie Kasperowicz is an insurance educator and professional content creator with nearly two decades of experience, first directly in the insurance industry at Farmers Insurance and then as a writer, researcher and insurance buyer educator writing for websites such as ExpertInsuranceReviews.com and InsuranceHotline .com and. Content management, now on .
Nupur Gambhir is a content editor and licensed life, health and disability insurance professional. She has extensive experience bringing brands to life and has created award-winning travel and technology campaigns. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Game, and End-of-Life Planning Services.
✓ Thank you, your message has been received. Our team of car insurance experts will usually respond to inquiries within five working days. Please note that due to the volume of questions we receive, not all may be answered. Due to a technical error, please try again later. Car insurance premiums for 19-year-old drivers average $319 per month (or $3,822 per year). Teenagers generally have the highest car insurance rates, and coverage for a 19-year-old is $2,170 more per year than the average driver.
Rates are more expensive than average for 19-year-olds, but you can still get cheap car insurance quotes from several companies. We found that car insurance for 19-year-olds is the cheapest in the country, offering cover for 43% less than the average for this age group.
Average Car Insurance Rates By Age And Gender
We found the cost of car insurance for a 19-year-old driver using rates provided by Quadrant Data Services for all zip codes in all 50 states plus Washington, DC. These are for a 2017 Toyota Camry LE with 10,000 miles per year and for full coverage with the following coverage limits:
Our rate is the average price for 21- and 18-year-olds. To find the cost of adding a 19-year-old driver to your insurance policy, we find the cost of adding a 16-year-old driver to a family policy, then use the difference between the ratio of 16- and 19-year-olds. Old drivers go to this number.
The average 19-year-old pays $319 each month for car insurance, or $3,822 a year. Compared to the average cost of coverage for most drivers, the cost of car insurance for 19-year-olds is 131% more expensive.
Despite the average cost of car insurance for a 19-year-old, many companies offer coverage at very affordable rates. Our analysis established this